Filing Flows › Monster Beverage (MNST) › Q4 2025
Monster Beverage (MNST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Monster Beverage (MNST) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -3% from the quarter before. Operating margin was 25.5%, net earnings $449M (21.1% of revenue).
Monster Beverage, Q4 2025: revenue $2.1B (+18% year over year), operating margin 25.5%, net earnings $449M, operating cash flow $379M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -3% | +18% |
| Gross profit | $1.2B | -3% | +18% |
| Operating profit | $543M | -20% | +42% |
| Net earnings | $449M | -14% | +66% |
| Operating cash flow | $379M | -49% | -18% |
| Free cash flow | $351M | -50% | -5% |
What changed
Revenue was $2.1B in Q4 2025, up 18% year over year and down 3% from the previous quarter. Monster Energy Drinks was the largest line at 93% of revenue.
Gross margin was 55.5%, up 0.2 points from a year earlier. Operating profit was $0.54B, a 25.5% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 21% margin then. Operating expenses grew 3% against revenue growth of 18%. Net earnings were $0.45B, up 66% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.38B (down 18% year over year), 84% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.03B left free cash flow of $0.35B.
Questions
What was Monster Beverage's revenue in the fourth quarter 2025?
Monster Beverage (MNST) reported revenue of $2.1B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -3% from the quarter before.
Was Monster Beverage profitable in the fourth quarter 2025?
Operating profit was $543M (25.5% of revenue) and net earnings $449M.
Source: Monster Beverage 10-K on SEC EDGAR.